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Tennessee
Sports Betting License Bond

400,000+ Bonds issued to 250,000+ satisfied customers.

Coverage Amount: $500,000
Term Length: 1 year
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Tennessee Sports Betting License Bond Guide

If you’re applying for a sports betting license in Tennessee, you’ll need this surety bond. 

Bond Overview

  • Purpose: To cover any outstanding liabilities owed to the state
  • Who Needs It: Interactive sports gaming operators
  • Regulating Body: The Tennessee Sports Wagering Advisory Council
  • Required Coverage: $500,000
  • Premium Rate: 1–10%, credit-based

Learn all about the bond requirements and process in this guide.

What Is a Tennessee Sports Betting License Bond?

A Tennessee sports betting license bond ensures that interactive sports gaming operators comply with all state laws. 

Specifically, the bond guarantees prompt payment for all winning wagers and any amounts owed to the state Sports Wagering Advisory Council (SWAC).

How Much Do Sports Betting License Bonds Cost?

Tennessee sports betting license bonds cost a small percentage of the coverage amount, typically 1–10%.


Exact rates vary based on personal credit score. Apply for your free quote now!

Bond Type
$500,000Sports Betting License Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

Who Needs a Sports Betting License Bond? 

The Tennessee Sports Wagering Advisory Council (SWAC) requires this bond as part of the licensing process for interactive sports gaming businesses in the state.  

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get a Tennessee sports betting license bond. Just follow these quick steps: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your quote within one day
  3. Sign: Complete the indemnity agreement 
  4. Buy: Purchase the bond online 24/7

We’ll email you the bond shortly after purchase. Be sure to file it with the SWAC as instructed. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a Tennessee Sports Betting License Bond Work? 

A sports betting license bond creates a legal contract between these three parties: 

  1. Principal: You, the interactive sports gaming business filing the bond
  2. Obligee: The Tennessee Sports Wagering Advisory Council requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of the Tennessee Sports Gaming License Standards. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety. 

How Do I Renew My Bond?

These bonds expire annually. To renew your sports betting license bond, simply pay your renewal invoice when prompted. 

We’ll begin contacting you by phone and email 90 days before the expiration date. 

More Resources

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